Daniel J.H. Greenwood

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An Incomplete List of Possible Progressive Reforms in Corporate Governance

Kent Greenfield and Daniel J.H. Greenwood

1. Dismantle Shareholder Supremacy

1A. Recognize long-term dependence of employees on corporation by including them in governance

1B. Bring corporations into the democratic age by creating democratic voting for the board of directors

2. End Delaware’s Dominance

3. Pass Anti-Fraud Laws for Employees

4. Limit Limited Liability

5. Link CEO Pay to Worker Pay

6. Stop Corporate Illegalities

7. End Differences Between Tax Accounting and In-House Accounting

8. Limit Corporate Intervention Into Political Affairs

9. Limit mobility of capital to reduce capital’s advantage in negotiations with labor and consumers

10. Improve general wealth and welfare provisions